US

Oracle FLEXCUBE credit module modification

  • oracle flexcube credit module modification 9 days

    9 days it took to implement urgent changes
  • oracle flexcube credit module modification central bank

    Central bank full regulatory compliance
  • oracle flexcube credit module modification oracle flexcube

    Custom improvement of Oracle FLEXCUBE

Project overview

We developed and upgraded the internal data warehouse for one of our clients from the banking industry. One of the knowledge sources is the related core banking system, i.e. Oracle FLEXCUBE, in case of this client. During the project, we analyzed and implemented an urgent change request. It was related to the credit module of Oracle FLEXCUBE, its data flow.

Client information

Under NDA

logo nda-1
oracle flexcube credit module modification project overview

Business challenge

Due to the recent COVID-19 pandemic, central banks in various countries listed new directives for commercial banks. They related to credit/loan restructuring and payment schedules. The reason behind these changes is simple: a lot of people were fired, so they couldn’t repay their credits or mortgage loans on time.

Technical challenges

To meet the central bank’s requirements, our client had to change the credit module of Oracle FLEXCUBE. The main issue was that the core banking systems aren’t intended for such changes. Any data/process modification can be considered fraudulent and illegal. Hence, we had to find out how to avoid data deviation between reporting and analytical subsystems.

Solution delivered

Initially, we carefully analyzed the client’s change request. Thanks to close cooperation between analysts, developers, Oracle engineers, and FLEXCUBE consultants, the team implemented the change within a few weeks. We identified business gaps, upgraded the credit module, and provided sufficient testing: smoke, regression, and integration. As a result, our client received the software system compliant with new regulations.

customer 360 system for bank solution delivered
Claim a 30-minute talk with our experts and get a step-by-step strategy for your project for free!

Value to our client

  • Full regulative compliance

    With the updated credit module, the bank meets all the central bank’s requirements from the coronavirus-related directives.

  • No deviation and penalties

    After a thorough analysis, we were able to implement the change request in a safe way, without violating strict bank rules.

  • Relief of social pressure

    The bank’s customers can now restructure their loans and credits without issues. As well, the bank itself can handle this process smoother.

Our tech stack

  • oracle database-1 Oracle Database
  • oracle flexcube Oracle FLEXCUBE

Software solutions bringing business values

gartner
5/5
3 reviews
clutch
4.9/5
47 reviews

    Contact us

    100% data privacy guarantee

    Thank you!
    Your request has been sent
    We will get back to you as soon as possible

    USA (Headquarters)

    +16469803276 2810 N Church St, Ste 94987, Wilmington, Delaware 19802-4447

    Denmark

    +4531562900 Copenhagen, 2900 Hellerup, Tuborg Havnepark 7

    Poland

    +48789743438 ul. Księcia Witolda, nr 49, lok. 15,
    50-202 Wrocław

    Lithuania

    +4366475535405 Vilnius, LT-09308,
    Konstitucijos ave.7
    6th floor

    Faroe Islands

    +298201515 Smærugøta 9A, FO-100 Tórshavn,
    Faroe Islands

    Austria

    +4366475535405 Donau-City-Straße 11 - Ares Tower, 1220 Wien

    UAE

    +4366475535405 Emarat Atrium, 423 Al Wasl Area, Dubai, P.O. Box 112344

    Ukraine

    +4366475535405 Vatslava Havela Boulevard, 4,
    Kyiv